PRINT THIS PAGE Goldman Sachs and Société Générale agree $400m secondary private equity deal21/09/2004. Source: AltAssets. 
 Goldman Sachs Vintage Funds, which makes secondary acquisitions of portfolios of investments owned by private equity groups, has agreed to buy two private equity funds managed by SG Capital Europe for E220m. Goldman Sachs and Société Général have also agreed to invest a total of E180m in a new fund that will be managed by SG Capital Europe.
The funds being acquired by Goldman Sachs are known as SG Capital Europe fund I and SG Capital Europe Fund II. The investment management team from SG Capital Europe will continue to manage the two funds as general partner while Goldman Sachs will invest as a limited partner, according to a report by the Financial Times.
SG Capital Europe was founded in 1997 and has invested about E300m in 19 middle-market transactions in France, Italy, Belgium, the Netherlands, Luxembourg and Germany. Its existing portfolios are made up of 16 companies across a broad range of industries.
Goldman Sachs Vintage Funds is part of Goldman Sachs Asset Management, which manages in the region of $415bn and has a private equity division that manages more than $12bn.
Copyright © 2004 AltAssets
|
